What does Residual Market Loading mean? Read on to discover the definition & meaning of the term Residual Market Loading - to help you better understand the language used in insurance policies.
Residual Market Loading
A multiplicative factor applied to retrospectively rated workers compensation plans. Its purpose is to compensate insurers for the losses sustained when writing workers compensation risks in the residual market.
We hope the you have a better understanding of the meaning of Residual Market Loading.